Tuesday Pre-Show Market SimPicks - Seven Idol Week
I’m going to set this up like I have $700 to spend this season. I’m blocking off $200 to spend this week. Here are my picks:
Seven Idol Week Transactions
BUY: David Cook: 4 contracts @ $28 each. Total: $112
BUY: Jason Castro: 6 contracts @ $7 each. Total: $42
BUY: Brooke White: 5 contracts @ $5 each. Total: $25
BUY: Carly Smithson: 4 contracts @ $4 each. Total: $20
Total purchases: $199
Current Portfolio Value
Money Not Invested: $501
Money Invested: $149
Current Holdings:
David Cook: 4 shares @ $23: $92
Jason Castro: 6 shares @ $5: $30
Brooke White: 5 shares @ $3: $15
Carly Smithson: 4 shares @ $3: $12
Starting Value: $700
Current Value: $649
Net Gains: -$50 (-0.077%)
Closing Comments
The loss right now is due entirely to the spread (the fact that you can’t immediately sell for what you bought at). We’ll see how this progresses after tonight and tomorrow night. I’ll update tomorrow to see if anything is worth buying or selling as well as Thursday
Enjoy the show.
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